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Ripple Energy files for administration amid financial troubles

Ripple Energy has filed a notice to appoint administrators, impacting 20,000 customers.

March 20, 2025 at 11:42 AM

Major energy firm with 20,000 customers 'on verge of going bust'

Ripple Energy may run into financial trouble, raising concerns for its customers.

Ripple Energy faces possible bankruptcy affecting 20,000 customers

Ripple Energy, a major energy firm with 20,000 customers, has secretly filed notice to appoint administrators. The news comes from documents obtained by the Sun newspaper. The firm, which allows people to co-own wind farms and solar parks, recently began working with restructuring experts at Begbies Traynor. Founded in 2017 by Sarah Merrick, Ripple managed to secure a £21.8 million loan from Virgin Money for a new solar project, the Derril Water Solar Park, which is set to become operational in 2025 despite its current financial troubles.

Key Takeaways

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Ripple Energy is facing potential bankruptcy, impacting 20,000 customers.

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The firm enables co-ownership of wind and solar projects to lower energy costs.

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Despite securing funding, financial stability remains a major concern.

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The public's reaction will likely influence future investments in renewables.

"Ripple Energy has secretly filed notice to appoint administrators."

This highlights the urgency of the firm's financial difficulties and the potential loss for customers.

"A clean energy revolution is underway in Britain, and it’s our mission to make sure real people are at the heart of it."

This reflects the idealism of Ripple's mission, contrasting with its current crises.

Ripple Energy's situation highlights the challenges faced by renewable energy firms as they strive for sustainability. The company's founding mission to democratize energy ownership resonates with many environmentally aware consumers. However, even with significant investments, economic pressures can threaten their operations. This potential bankruptcy raises questions about the viability of similar business models in the rapidly evolving energy sector.

Highlights

Ripple Energy's potential bankruptcy casts a shadow on renewable business models.
A clean energy revolution is at risk as Ripple Energy faces financial troubles.
20,000 customers could be impacted by Ripple Energy's looming bankruptcy.
Investments in renewable energy firms come with high risks amid financial uncertainties.